2011 IRR to MKD Historical Review

YEARLY HIGH

0.0050 MKD

YEARLY LOW

0.0037 MKD

YEARLY AVERAGE

0.0042 MKD

2011 IRR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the IRR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.0050. Conversely, the yearly low was recorded on June 14, dropping to 0.0037.

This high-to-low spread represents a total annual volatility of 0.0014 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0044 to the December average rate of 0.0043, the exchange rate registered a net change of -2.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0050 was down 1.88% compared to the 2010 peak of 0.0051, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 IRR based on timing:

Yearly Peak High 25 MKD

2010 Average 23 MKD

Yearly Trough Low 18 MKD

Transaction Impact: A difference of 6.88 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0046

0.0038

JanuMarcMayJulySeptNove

IRR to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0042, compared to 0.0042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0042

H2 Avg (Jul–Dec) 0.0042

Volatility Range Comparison

Volatility

The most volatile month in 2011 was November, with a trading range of 0.0009 MKD (High: 0.0050 / Low: 0.0041). On the other end, August was the most stable month, with a tight range of 0.0001 MKD (High: 0.0041 / Low: 0.0040).

November Spread (Volatile) ±0.0009

August Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.0046) against the same month in 2010 (average: 0.0043), the exchange rate shifted by +0.0002 (+5.54%).

2011 Avg (November) 0.0046

2010 Avg (November) 0.0043

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0046	0.0043	0.0044
February	0.0044	0.0043	0.0043
March	0.0043	0.0041	0.0042
April	0.0042	0.0039	0.0041
May	0.0041	0.0039	0.0041
June	0.0040	0.0037	0.0039
July	0.0041	0.0040	0.0041
August	0.0041	0.0040	0.0040
September	0.0043	0.0041	0.0042
October	0.0043	0.0040	0.0042
November	0.0050	0.0041	0.0046
December	0.0050	0.0042	0.0043